EBAY2 MODULE - "eBay intermediates payments": what we need to know

[202ecommerce]

Hello everyone,

Recently eBay has contacted merchants to introduce "eBay intermediates payments". This new method of payment will be available in a few years, so you don’t have to do anything for now.

WHAT ABOUT
Ebay will develop its own merchant account management system. Today, funds are collected by PayPal, and are paid to merchants through PayPal. With this new service, eBay will collect consumer payments and will send them directly to merchants. On the consumer side, there should be no difference: payment by PayPal will be available alongside other payment solutions such as credit cards. On the merchants side, there will certainly be adjustments, but the general logic will remain the same.

WHY?
PayPal & eBay are today two independent companies, it seems normal that eBay internalizes these financial flows.

WHEN?
Here's what eBay tells us:
"The transition to full payments intermediation will be a multi-year journey. […] eBay will begin payments intermediation on the Marketplace platform on a small scale in North America starting in the second half of 2018, expanding in 2019 under the terms of the Operating Agreement with PayPal. In 2021, eBay expects to have transitioned a majority of its Marketplace customers to its new payments experience."

WHAT SHOULD BE DONE ?
No action is required at this time. The eBay module 2 will be updated as soon as this new payment method will be implemented.

Free module user
This big project is just one of many projects in progress at eBay. The eBay free module is no longer updated, so it can stop working any day now. We strongly recommend you to switch to the eBay module 2, or to another module upgraded regularly by professionals.

For any questions, please do not hesitate to contact our support service of our module eBay2 at this address. We will be happy to help you.

Best regards,
Fabrizio - 202 ecommerce